Investor Fear Eases Following Release Of Fed Minutes

The CNN Money Fear and Greed index showed some easing in the fear level among US investors.

US stocks closed higher on Wednesday following the release of Federal Reserve meeting minutes.

Investors also monitored data which showed that the number of job openings in the US fell by 54,000 to 10.5 million in November. The ISM manufacturing PMI declined for a second straight month to 48.4 in December from 49 in the previous month, and compared to market estimates of 48.5.

The Dow closed higher by around 133 points to 33,269.77 on Wednesday. The S&P 500 added 0.75% to 3,852.97, while the Nasdaq Composite rose 0.69% to settle at 10,458.76 in the previous session.

Investors are awaiting earnings results from Walgreens Boots Alliance, Inc. WBA, Constellation Brands, Inc. STZ and Conagra Brands, Inc. CAG today.

At a current reading of 37.0, the index remained in the "Fear" zone, compared to a previous reading of 40.0.

What is CNN Business Fear & Greed Index?

The Fear & Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.

Read This Next: Top 5 Industrials Stocks That May Plunge

Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPre-Market OutlookMarketsTrading IdeasCNN Business Fear & Greed Index
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!